Market Watch

A Sampling of Advisory Opinion

A Sampling of Advisory Opinion.

Buyback Battle Rages Economic Research by BMO Capital Markets 100 King St. W., Toronto, Ontario M5X 1H3 July 11: The battle between slower earnings growth and buyback support continued [Tuesday]. This time, it was Home Depot on the front line, shelling out an $11 billion share buyback in defense of its housing-related earnings slowdown. The net effect of a reduced earnings outlook and a material buyback announcement was a stock that inched up 2 cents; casualty averted. With coffers of cash, Corporate America is showing that it has the artillery to fight the earnings slowdown and keep share prices elevated, if only...